Life Annuity

A life annuity provides you with a guaranteed lifetime income.

• The insurance company is responsible for managing how the money is invested
• The contract is non-reversible
• The contract does not allow for access to the invested capital
• Provides the highest guaranteed income payments for life
• Guaranteed income payments for as long as you live
• No risk of outliving your income
• Additional joint and survivor option to transfer payments to your spouse/partner
• Additional options to provide money to your beneficiary or estate when you die
• You may pass away before receiving all of your money back
• Adding extra options usually means a lower regular payment (such as providing payments to your spouse when you die)

To learn more about these insurance products, Contact Kelvin Chong - Life Insurance Brokers.